Asked in Credit and Debit Cards, Debt Collection, Statutes of Limitations, Real Estate, Real Estate Buying and Selling, Real Estate Investing
What is the Statute of limitation on real estate debt?
If the debt is on real property, there is no limit. The debt is a lien against the property and the debtor collects on sale. A lien is valid as long as the property exists, and land seldom disappears. ...
Asked in Debt Collection
What is statute of limitation for Ohio credit card debt?
A creditor must petition the court to obtain a judgment against you for a credit card debt. If successful then the judgment is recorded in the land records. According to the chart at the link below an Ohio judgment is good for 21 years and must be brought forward in the land records by a re-recording every five years. ...
How long is 25 miles?
It depends on the units to which you want to convert it. If you want to convert it to feet, knowing that there are 5280 feet per (statute) mile, you get 132,000 feet. (Nautical miles are larger than land (statute) miles, presume you mean statute. ...
What is the Statute of Limitations for an Oral agreement in Illinois?
The statute of frauds is going to be more of an issue than any statute of limitations. In most states there are limits to what can be agreed to orally. In most cases, it must be within a reasonable amount of time for that commercial agreement. You cannot sell land with an oral agreement, it must be in writing. ...
Asked in Adverse Possession, Puerto Rico
What are the laws for adverse possession in Puerto Rico?
Adverse possession, as it operates in common law jurisdictions, differs somewhat in Puerto Rico. Here, it's called "acquisitive prescription", or "usucapión" in Spanish. There are several general factors for it to occur: 1. Public possession of a private lot of land 2. Uninterruptedly for 30 years (if there is no deed) 3. the possessor must publicly act as if he/she were the owner, and this fact must be "known by his neighbors" If these and other specific factors, which will depend on a...
What is the law that requires transfer of real property ownership to be in writing?
The Statute of Frauds provides that contracts for the sale of land must be in writing. ...
File a tax lien on property which had back taxes due against the owner and statute of limitations on which to wait before can obtain a title on land?
The local tax assessor will do this and the land will be offered for sale through them. ...
How long is a land mile?
Five thousand two hundred eighty (5,280) feet is the length of the land mile. The statute or terrestrial mile in question also may be expressed as the equivalent of 1,760 yards or 1,609.344 meters. ...
Asked in Liens
Is there a statute of limitations for a house lien?
This is a state-specific question and will depend on the type of lien against the house. Different types of liens have statutes of limitation that will vary from state to state. For example, in Massachusetts an attachment recorded in the land records will expire unless rerecorded within six years and a mortgage expires after 35 years. A property tax lien will not expire. You need to check the state laws in your jurisdiction for the type of lien in question. ...
Asked in Law & Legal Issues, Liens
When do you need to update a lien on property?
When the lien is transferred or the lienholder changes. When the lien is satisfied (paid off). Answer You need to check the statute of limitation and practice in your jurisdiction. For example, in Massachusetts a recorded judgment lien lasts for six years. The creditor needs to request an extension from the court that issued the lien and the extension must be recorded in the land records. If an extension is not recorded the original judgment lien simply expires after six years. ...
How long is statute of limitations if there is fraud or conspiracy for stealing good or land sale receipts?
From 2 years it can extend for more than 10 years tooo
How many miles offshore is the us border into international waters?
12 nautical miles or about 14 statute miles from the outermost points of land at low tide ...
Why are nautical miles different to land miles?
The definition of a nautical mile was originally based directly on 1 minute of arc. This means a nautical mile is approximately 1/60 of a degree of latitude. However, it is now equal to exactly 1,852 metres. Meanwhile, "land miles" or statute miles developed in a different system, and a statute mile has evolved to be equal to exactly 5280 feet. ...